Find an Accountant near Cambridge, MA

Find an Accountant near Cambridge, MA

Find an Accountant near Cambridge, MA

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Q & A

Answers to commonly asked questions from the experts on Thumbtack.

What is an accountant?

Accountants are financial professionals who have received an accounting degree from a four-year university or college. By trade, accountants prepare, maintain and examine the financial statements of an individual, business or institution. An accountant prepares reports for tax purposes and can also perform audits of public companies. Common tasks include creating budgets, analyzing profits and losses of a company, processing payroll, preparing financial statements for company leadership, and creating and maintaining financial database systems for a company.    

Accountants do not automatically have a Certified Public Accountant (CPA) designation unless they have passed the Uniform CPA Examination and received the proper license. Regardless of whether they are CPA certified or not, accountants can assist businesses and individuals with bookkeeping and financial reporting, while CPAs are more knowledgeable in tax codes as a result of the CPA licensing examination and continuing education requirements. CPAs are also eligible to represent clients before the IRS if audit support is required, while a non-CPA accountant is not. Academic background, years in the field and professional reputation all can affect an accountant’s rates.

Check out the average hourly rate for accounting services in your area.

How much does it cost to hire an accountant?

Accountants’ rates vary based on their education, licenses, experience, and the work for which they are being hired. An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process. Hourly rates can range as widely as $40 per hour to $300 or more per hour, depending on your geographic location and the accountant. Check out the average hourly rate for accounting services in your region.

Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers. Many accountants offer online services where small businesses can access online accounting software and payroll assistance, and the accountant — for a monthly or other recurring fee — provides financial analysis and reporting of their numbers. For basic monthly accounting services, an accountant might charge anywhere from $75 to $500 or more, depending on what was included in a given package, the size of the client’s business, and the complexity of work requested. Nationally, full-time staff accountants earn between $40,000 and $80,000, depending on experience and other factors.

Who licenses CPAs?

The Board of Accountancy for your state or district licenses certified public accountants (CPAs). When searching for a CPA to help you with your finances or taxes, make sure they are properly licensed in your state. Here are a few tools you can use to verify an accountant’s license:

You can also ask an accountant to provide proof of their license and credentials.

What do CPAs do?

According to the American Institute of CPAs, certified public accountant (CPAs) financially advise individuals, big companies and small businesses to help them reach their financial goals. For example, they can consult you on taxes and other accounting needs. 

What do forensic accountants do?

Forensic accountants investigate financial crimes involving fraud, embezzlement and other issues. They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS.

Reviews for Cambridge accountants
Steven K.
Keith Clark and Ben Silva from ClarkSilva Accountant & Advisors did a fantastic job with our bookkeeping and taxes. We have two LLCs with multiple partners and employees in multiple states requiring federal and state forms and the generation of partner K-1s. They did a great job and made the entire tax and accounting process easy for us. They were responsive, great at communication and their work was spot on. I highly recommend them and I look forward to working with them again for future tax/accounting work.
Keith R. Clark, CPAKeith R. Clark, CPA
Francis w.
Keith was great. I have tried to find an accountant online a couple times previously to no avail. Keith was the first one to be able to help.
Keith R. Clark, CPAKeith R. Clark, CPA
Abir M.
Mark provided phenomenal service for our tax preparation needs. He diligently responded to all of our questions and concerns and provided additional resources to aid our understanding of upcoming filings. I would highly recommend Mark for corporate accounting and tax preparation.
MARK A STILES CPA, PLLCMARK A STILES CPA, PLLC
Thumbtack Customer
Hajiani provided me with consultancy service over personal and company accounting issues. As far as I can see he is an excellent CPA both for companies and for individual tax issues. He has a broad understanding of issues from different perspectives. Will contact him again in the future!
Hajiani CPA LLCHajiani CPA LLC
Thumbtack Customer
Carissa is a rock star of quickbooks! Far better that any person I ever work with. And she is calm, super organized, punctual. We had enormous mess in 2015 books and had to fail for tax extension because our accountant couldn't figure it out and other person created even more mess. Carissa came and everything start falling in place! So impressed with her and only wish we found her ealier!
Consulting by Numbers - Consulting & BookkeepingConsulting by Numbers - Consulting & Bookkeeping
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